Buying a property in Italy
Easy and Understandable Legal Guidance on How to Buy Real Estate in Italy.
Investing in the Italian Property Market
With the help of our qualified lawyers, smoothly navigate the process of purchasing a property in Italy and begin enjoying the benefits of ownership in this dynamic market.
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Real Estate lawyers in Italy
There are several ways our real estate lawyers can help you with the purchase of a property in Italy:
Reviewing and explaining legal documents: A lawyer can review and explain any legal documents related to the property, such as the sales contract and title deeds.
Supporting you on the negotiation: A lawyer can support you in the negotiation with the Real Estate agent or the seller’s representative to ensure that your interests are protected.
Checking for any encumbrances on the property: A lawyer can check for any encumbrances, such as liens or mortgages, on the property to ensure that you are not purchasing a property that has outstanding debts.
Assisting with the transfer of ownership: A lawyer can assist with the transfer of ownership of the property from the seller to you, including ensuring that all necessary documents are filed with the appropriate authorities.
Advising on tax implications: A lawyer can advise you on the tax implications of purchasing a property in Italy, including any applicable stamp duty or capital gains tax.
What Our Clients Are Saying
Don’t try to go through the Real Estate process on your own. Seek the help of an experienced real estate lawyer to increase your chances of success and make the process as smooth and stress-free as possible.
How can I buy the Property?
The main requirement is to provide your “Codice Fiscale” – the Italian Tax ID, and a foreign valid ID card or passport, as this document are unique to each individual and are essential to conduct Real Estate transactions in Italy.
Your Codice Fiscale appears on all documentation you sign or receive in Italy and must be presented to the Notary Public when signing the final deed.
Property investors also advised to to have an Italian bank account and this makes the bureaucracy simpler to navigate and payments more convenient to transfer.
Our Real Estate lawyers can assist you in the process of obtaining a “Codice Fiscale” and setting up an Italian bank account.
What is the process of purchasing a property?
The general procedures is as follows:
- Tax and Budget Planning: Taxes and fees are mostly paid by the buyer and vary depending on the type of the property. They typically include the following (whithout fiscal benefits):
- Property transfer tax of 9% (min. € 1.000);
- Notary fees (vary from each professional), title deed tax and land registration fee of either € 50,00 or € 200,00 each;
- VAT of 10% or 22% depending on the type of property and the seller (for new properties only);
- Obtain a “Codice Fiscale”: Get your Italian Tax ID.
- Search for properties in Italy: Our Real Estate lawyers can help you identify the right property for you and ensure that you use reliable and trusted online portals.
- Reservation agreement and Letter of Intent: Our lawyers will draft a “Letter of Intent” for purchasing a property and guide you through the reservation agreement and any subsequent negotiations before signing a deal.
- Payment of fees: Settle any applicable Property Transfer Taxes or VAT, and update the Land Registry.
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Frequently Asked Questions
A foreigner (non-resident in Italy) that wants to buy Real Estate property in Italy has to fulfil the condition of reciprocity belonging to a country that signed an International treaty with Italy. The international treaty that allows the purchase must also authorise the Italian citizen to purchase Real Estate property in that foreign country.
All property owners in Italy must pay different taxes annually.
They are subject Real Estate Tax (IMU) and the Wast Tax (TARI). It’s possible to reduce the amount of the IMU in some special conditions.
No, although having a property in Italy allows you to solidify your bond with the Italian territory and government and can be a positive asset in a future request of citizenship by residence (about that, check our Naturalisation Page here).
All new home purcahses are subject to 10% to 22% VAT on the value of the property as well as three different fees of € 200 each.
When buying an existing property, you must pay a Transfer Tax (from 2% to 9%), and two different fees of € 50,00 each.